shortterm bullflag

1 Mac 2018

consolidating in new price range. could run up to 62-64.

1 Mac 2018

Nota

price action in kilzone. currently sitting at 553 and its flattening out. Its meeting heavy resistance but also has good support. the next moments will indicate whether we go into a pullback or break above the channel.

1 Mac 2018

Nota

killzone*

1 Mac 2018

Nota

broke right through consoldiation at 553, 1 minute graph showing extremely short term consolidation, looking to move higher.

1 Mac 2018

Nota

Might make retrace to 55, good entry point there.

1 Mac 2018

Nota

1 minute graph shortterm pullback happening right now. good entry point for those who have the stomach for such volatility ;).

well see if it keeps going lower could be a false breakout

1 Mac 2018

Nota

looks like pullback it is. well see if 54-55 holds and consolidates this area, we could possibly see 60+

1 Mac 2018

Nota

sexy bounce on 55. id say 70% chance that price action goes beyond 600k

1 Mac 2018

Nota

This is what short term consolidation could look like (very probable that this does not happen, its only an estimate).

Watch for strong support holding at the old upper trendline. I adjusted the placement so that it is more accurate.

1 Mac 2018

Nota

very nice consolidation above the channel now reaching higher. the odds of it reaching 60+ are increased now. This will be my last update for now.

sell targets are 60, 62 and 64. lets see what happens!

1 Mac 2018

Nota

woke up with stop limit triggered at 54. reinvested into more DGD at 50. if this goes lower I will reinforce this position as im fairly confident it will reach higher.

The short term trade didnt pan out like i had expected, the bullflag breakout ended up being a false positive. No matter, the mid to long term outlook still looks good.